Carbon Nanotube Market Overview

Carbon Nanotube Market has seen a remarkable growth over the past decade and as per the analysis, the global Market will retain this growth status during the forecast period. The global Carbon Nanotube Market is expected to reach more than USD 55 billion by 2022 with a CAGR of more than 5.5%. Additives in plastic increase it’s the strength, reliability and other physical properties. Plastic is one of most used material in several application ranging from packaging, automotive, wire and cable, consumer goods, construction and so on. The global Carbon Nanotube Market is mainly driven by the increasing demand of plastic and growing application segment across the globe. Additionally, the emerging economies of APAC region, rising per capita income and increasing urbanization has also become the growing factors.

Carbon Nanotubes Market Key Players

Some of the key players in this Market are BASF SE, Dow Chemical, DuPont, Evonik Industries, ExxonMobil, Mitsui Chemical, SABIC, Chemtura Corporation, Clariant, Bayer AG and among others.

Carbon Nanotubes Market Segments

The Global CNT Market is segmented on the basis type, method, end use industry, and region. Based on type, the market is divided into single walled carbon nanotube (SWCNT) and multi-walled carbon nanotube (MWCNT). The SWCNT consists of a one-atom-thick layer of grapheme wrapped into a tube or a seamless cylinder; most of the SWCNTs have a diameter of close to 1 nanometer and can be many millions of times longer. The band gap in SWCNT can vary from zero to about 2 eV and their electrical conductivity can show metallic or semiconducting behavior.

This enable the use of SWCNT for miniaturizing. During the forecast period SWCNTs are anticipated to make a large impact in electronics applications. Multi-walled carbon nanotubes (MWCNTS) are manufactured by rolling multiple layers of concentric tubes of graphene sheets. Among MWCNT, Double-walled carbon nanotubes (DWNTs) form a special class of nanotubes because of their morphology. Their properties are similar to those of SWNTs. but they are more resistant to chemicals.

Detail Analysis of Carbon Nanotube Market 2019-2023 Forecast Report @ https://www.marketresearchfuture.com/reports/carbon-nanotube-market-4397

Regions:

The Asia-Pacific accounts for nearly 45% of the total carbon nanotubes market with countries such as India, China and Japan leading market growth for the region. There is a strong presence of many market leader in the Asia-Pacific and the existence of electrical & electronic and automotive industries which are strong motivators for robust growth of the CNT market in this region.

North America follows, the Asia Pacific’s lead with the second largest market share. This is due to the presence of rapidly growing aerospace & defense industry in the region. Moreover, the high demand for automotive and the presence of major automotive manufacturers in this region facilitate rapid growth of the CNT market.

Growing industrialization has made Latin America a region to watch, and it is expected to grow at a significant CAGR during the forecast period.

The Middle East and Africa are expected to see growth primarily in rapidly developing Middle Eastern countries which have increasing construction activities, thus motivating market growth

Target Audiences

• Manufactures of end-useIndustry

• Raw material Suppliers

• Aftermarket suppliers

• Research Institute / Education Institute

• Potential Investors

• Key executive (CEO and COO) and strategy growth manager.